DJ Coca-Cola Co. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Coca-Cola Co. $(KO)$ inched 0.78% higher to $58.51 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.58% to 5,022.21 and Dow Jones Industrial Average falling 0.12% to 37,753.31.
The stock's rise snapped a three-day losing streak.
Coca-Cola Co. closed $6.48 below its 52-week high ($64.99), which the company reached on April 24th.
The stock underperformed when compared to some of its competitors Wednesday, as PepsiCo Inc. $(PEP)$ rose 1.18% to $169.48, Starbucks Corp. $(SBUX)$ rose 0.92% to $86.21, and Mondelez International Inc. Cl A $(MDLZ)$ rose 0.80% to $66.51.
Trading volume (13.8 M) eclipsed its 50-day average volume of 13.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 17, 2024.
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(END) Dow Jones Newswires
April 17, 2024 16:35 ET (20:35 GMT)
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